Litecoin. But Litecoin was going back to 300!
Updated
Fearless traders!
Poor Litecoin... It was out of the correction doing its own thing but Bitcoin said "come play with me it's fun down there".
At least now you can see on the chart Litecoin is close to some pretty strong supports.
If these doesn't hold, we go straight for 150$ losing these supports would be pretty bad, and Bitcoin could easily bring LTC down all the way to 100$...
With 125$ as a tiny possibility reversal zone.
Right now it's neither safe to short nor to long Litecoin. 100$ could be a good buy opportunity.
If you're looking for a floor for Litecoin considering BTC drop to 1000-2000 dollars, prepare your hearts, for Litecoin it would be 3-5 bucks. Yep. Hope you're not holding since 300 if that happens.
Aaah poor Litecoin.
+++ I am not a financial advisor (good luck finding one in crypto). Trade at your own risk +++
Poor Litecoin... It was out of the correction doing its own thing but Bitcoin said "come play with me it's fun down there".
At least now you can see on the chart Litecoin is close to some pretty strong supports.
If these doesn't hold, we go straight for 150$ losing these supports would be pretty bad, and Bitcoin could easily bring LTC down all the way to 100$...
With 125$ as a tiny possibility reversal zone.
Right now it's neither safe to short nor to long Litecoin. 100$ could be a good buy opportunity.
If you're looking for a floor for Litecoin considering BTC drop to 1000-2000 dollars, prepare your hearts, for Litecoin it would be 3-5 bucks. Yep. Hope you're not holding since 300 if that happens.
Aaah poor Litecoin.
+++ I am not a financial advisor (good luck finding one in crypto). Trade at your own risk +++
Note
Lawyer: "Do the people that FOMO'd on Litecoin when it went from 50$ to 300 in a metter of days and still haven't sold deserve to die Mr Hailey? Answer the question!"Bear pennant: "YES THEY DESERVE TO DIE! AND I HOPE THEY BURN IN HELL!"
youtube.com/watch?v=mCjBspxuUmU
Note
What's the point of being above the downtrend correction if you go down with it while staying slightly above? These downtrend lines are only useful for shorting, not going long on a break long term (going long for 10-20% yeah sure go for it).Long term investing should happen on long term support visits.
That or dollar cost average...
My personal favorite: dollar cost average on long term supports, aka the godlike mastermind strategy.
Note
I guess 150$ for magic beans was not "very cheap" after all, huh?Next stop 20$, then 3-4, then 0.
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